sq ft: 8,280
Industrial, Retail, Warehouse
Updated on August 15, 2022 at 10:16 pm
• 425 S Broadway is a 2-story commercial building located in the heart of the Downtown Los Angeles Historic Core. The property has 3 tenants and offers a buyer/investor a prime opportunity to purchase a property with existing income and long term upside.
• The Judson, a newer 60-unit apartment building, is directly across Broadway, as are The Broadway Lofts, with newer studio to 2-bedroom apartments in a 1907 Renaissance Revival style building. Perla, a 35-story condominium complex, is also across from the subject at the corner of 4th Street and Broadway.
• The Citizen M Hotel and Grand Central Market are a block away, and nearby amenities include the Apple Store, Ace Hotel, Urban Outfitters, the Broadway Trade Center, Theory, Acme Studio, home design stores, restaurants and more.
• 3 tenants currently pay $29,200 per month
• Actual gross annual income = $350,400; actual annual expenses = $133,137; NOI = $217,263.
• Actual cap rate = 3.1%
DTLA Historic Core Investment Opportunity - 425 S Broadway, Los Angeles, CA 90013, USA
